Wasaga Beach Resort Opportunity For Sale

Description

Business type: motel and hospitality portfolio

Brand: Terrawoods

Location: Wasaga Beach, Ontario

Portfolio locations: 2

Location 1: Main Street, Wasaga Beach

Location 2: Beck Street, Wasaga Beach

Current status: operating hospitality assets undergoing Terrawoods branding and improvements

Operating season: year-round

Financial information

Annual income: more than $400,000

Purchase price: $350,000

Royalty fee: 6% of gross revenue

Marketing fee: 3% of gross revenue

Agreement term: 10 years

Rent: available on inquiry

Property

Stated property size: approximately 0.92 acres

One-bedroom units: 6

Additional dwelling: separate 3-bedroom house

Office: on site

Laundry facilities: on site

Paved parking spaces: 36

Guest office: available

Customers and market

• Tourists
• Families
• Business travelers

Clientele: established

Repeat business potential: established

Walk-in traffic: stated as high

Tourism-driven demand: established

Franchise

Franchise brand: Terrawoods

Brand focus: resorts, motels and cottages

Current property enhancement: Terrawoods Motel conversion in progress

Renovations: in progress

Branding improvements: in progress

Operations

Portfolio operating model: two-location hospitality operation

Shared operating efficiencies: possible across both locations

Transaction details

Possession: 90 days

Inventory: details available on inquiry

Expansion options

• Complete Terrawoods branding and renovations
• Increase occupancy across both locations
• Coordinate operations across both properties
• Increase repeat guest activity
• Expand hospitality services within the Wasaga Beach market